Choosing the Right Life Insurance Policy
The next thing to consider is what kind of policy you should get after you have figured how much life insurance you will need.
Life insurance consists of two types of policies which include ‘Term Life Insurance’ and “Permanent Life Insurance’.
Term life insurance is the most utilized policy. The biggest appeal for term insurance is that it is basic and straightforward, and is the cheapest form of life insurance which you can buy.
It offers death benefits only which you can buy for any amount, and for just about any length of time such as 10, 15, 20 or even 30 years. It is also renewable and can be converted into a permanent policy.
The premiums are guaranteed for the length of the term. Term life is cheaper when you are younger and gets progressively more expensive as you age so it’s always best to buy as soon as you can.
Permanent insurance is more expensive because it not only provides death benefits, but also offers a cash value accumulation feature which builds over the life of the policy. There are 3 types of permanent policies which include whole life, universal life and variable life. Permanent life insurance also covers you for your entire life and the premiums are pretty much guaranteed depending on the policy you buy.
How to Find the Best Policy at the Best Rates
You always want to talk to an independent agent like myself. We can access and research dozens of companies so you are assured we will find the best policy at the most affordable rates. If you have health concerns, don’t let that dissuade you because we can give you valuable advice and help you to find a policy that suits you.
Whatever your needs or questions then please call me direct at 877 – 966 – 9383.